The global barytes market to grow at a CAGR of 4.17% during the period
2017-2021.

The report, Global Barytes Market 2017-2021, has been prepared based on
an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the
coming years. The report also includes a discussion of the key vendors
operating in this market.

According to the report, one driver in market is horizontal drilling: An
innovation in oil and gas extraction. Technological advances in drilling
technologies have revolutionized the oil and gas industry and enabled
access to the most remote locations, unconventional formations,
deepwater regions, and even the Arctic. Such developments have played a
key role in driving the consumption of steel pipes. Horizontal drilling,
coupled with hydraulic fracturing, has unlocked the unconventional
potential of several regions. Examples of this are the shale gas boom in
North America and new discoveries in the offshore regions of Europe and
Africa. In North America, horizontal drilling rigs constituted the
largest share of the overall rig count with 78%, whereas directional and
vertical rigs accounted for 11%, as of June 2015.

Permian efficiency wins help boost EERC EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count rose sharply in November, extending the increase seen last month. The EERC is now at 2,907, an increase of 95 compared to the October count. While the[Read More…]